V I C T O R T E C H N O L O G Y

Determining Bond Values

To calculate bond price and the interest accrued since its last interest date, as well as its yield to maturity, use b PRICE and b YTM functions.

Use these methods to calculate bond price and yield for 30/360 day bonds (municipal bonds, corporate bonds, and bonds with annual coupon payments.

To Calculate Standard Bond Price ( b PRICE )

¾Enter coupon rate; touch PMT

¾Enter desired yield to maturity; touch i

¾Enter purchase date (settlement date); touch ENTER

¾Enter redemption date; touch b PRICE

The price displayed is the Bond Price as a percent of Part. This number is now stored to the PV register. The interest accrued since last interest date is also stored, to show this touch x ↔ y

To add the interest to the Bond Price in RPN method, touch + ; in ALG method, touch + x ↔ y =

Example

What Bond Price should you pay on September 17, 2009 for a 4.9% US Treasury Bond that matures on November 2, 2017 if you desire a yield of 6.65%?

 

ENTRIES

 

DISPLAY

 

 

 

 

 

 

 

 

 

0.00

 

 

 

 

b

 

 

REG

 

 

 

 

 

 

 

Clears the registers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.9

 

 

 

 

4.9

 

PMT

 

 

 

 

 

 

 

 

Enters coupon rate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6.65 i

 

6.65

 

 

 

 

 

Enters yield to maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6.65

 

 

 

 

r

M.DY

 

 

 

 

 

 

 

 

Sets date format to month-day-year value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

28

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Victor Technology V12 manual Determining Bond Values, Entries Display REG
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V12 specifications

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